3. The following table shows income (Y) and consumption (C):YCCalculate:100105125I. Marginal Propensity to Consume (MPC)II. Marginal Propensity to Save (MPS)160III.Average propensity to save (APS)200110125140

Y C 100 105 125 110 160 125 200 140 Formula's Used: MPC = ∆C∆Y MPS = ∆S∆Y Y = C +…

The following table shows income (Y) and consumption (C): Y C Calculate: 100 105 125 160 I. Marginal Propensity to Consume (MPC) II. Marginal Propensity to Save (MPS) III. Average propensity to save (APS) S 200 110 125 140

The following table shows income (Y) and consumption (C): Y C Calculate: 100 105 125 160 I. Marginal Propensity to Consume (MPC) II. Marginal Propensity to Save (MPS) III. Average propensity to save (APS) S 200 110 125 140

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

3. The following table shows income (Y) and consumption (C):
Y
C
Calculate:
100
105
125
I. Marginal Propensity to Consume (MPC)
II. Marginal Propensity to Save (MPS)
160
III.
Average propensity to save (APS)
200
110
125
140

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